The PRA recently issued a letter to insurers regarding implementation of its senior insurance managers' regime (SIMR) for both Solvency II and non-Solvency II firms. All insurers seeking to grandfather persons currently approved must make the relevant submission to the PRA by 8 February 2016. Firms to which Solvency II applies must notify the PRA of its key function holders at 1 January 2016. On 18 September 2015, the PRA and FCA issued consultation papers (FCA CP15/19 and PRA CP 35/15) relating to SIMR and other approved persons forms. Comments are invited until 19 October 2015.